scholarly journals Ranking methodology for Islamic banking sectors – modification of the conventional CAMELS method

2021 ◽  
Vol 16 (1) ◽  
pp. 36-51
Author(s):  
József Varga ◽  
Gyöngyi Bánkuti
Keyword(s):  
United Arab Emirates ◽  
Financial Services ◽  
Data Cleaning ◽  
The State ◽  
The Other ◽  
Rating System ◽  
Islamic Banking ◽  
Banking Systems ◽  
Free Data ◽  
Simple Average

The state of banking systems is an important issue. The purpose of this paper was to test whether the well-known CAMELS microeconomic methodology, generally used for ranking banks, is applicable to evaluating Islamic banking systems. The hypothesis was tested by implementing a method for a particular case, public, free data – from 2013 till the first quarter of 2018 – on Islamic banking systems from the “Islamic Financial Services Board” (IFBS) database. As expected, modifications were necessary. First, because of the lack of data (in Islamic databases, no data refer to the management (“M”)), and second, to avoid the subjectivity of the five-degree method and to reach more sensibility. Thus, a hundred-level (standardized) rating system was introduced – “CAELS 100”, where “100” refers to the levels. The other part of the methodology – creating a simple average of the (now level 100) rating of raw indicators to get the letters of CA(M)ELS in the relevant period – remained unchanged. After the data cleaning, only six countries (Bahrain, Egypt, Kuwait, Oman, Turkey, and the United Arab Emirates) were able to participate in the analysis.The result showed that Egypt, Turkey and Kuwait were the best ones respectively. Thus, it was concluded that this “CAELS 100” methodology is suitable for evaluating Islamic banking systems. AcknowledgmentThe research was supported by the project “Intelligent specialization program at Kaposvár University”, No. EFOP-3.6.1-16-2016-00007.

scholarly journals Improving the Use of Islamic Banking Services in Financing Investment Projects in Uzbekistan

2021 ◽  
Vol 11 (2) ◽  
pp. 2205-2220
Author(s):  
Dilmurod Yusupaliyevich Khujamkulov ◽  
Ruhiddin Khusniddin Ogli Zayniddinov ◽  
Dilmurod Rakhmatullayevich Ergashev ◽  
Mamajon Akhmatjonovich Mamatov ◽  
Khusniddin Fakhriddinovich Uktamov
Keyword(s):  
Financial Services ◽  
Financial Inclusion ◽  
The Other ◽  
Islamic Banking ◽  
Major Objective ◽  
Banking Services ◽  
Investment Projects ◽  
Conventional Banks ◽  
Religious Reasons ◽  
Formal Finance

Financial inclusion is remained low level by the majority of households and firms in Uzbekistan, instead of using formal finance, they are more partial to save and borrow informally. In this case, both indicate the high cost of finance as the top reason for not using it. Moreover, households, which are mostly Muslim, declare that religious reasons prevent them from using formal finance, as only conventional finance is available. The result of the survey was passed between a number of households and entrepreneurs that most of them claimed to use Islamic banking products. On the other hand, there are not created main mechanisms, infrastructure, and other important devices to regulate Islamic banking services in the country. The major objective of this study was to investigate there were used some Islamic banking products under some conventional banks for two decades and we have discussed the empirical experiences in Uzbekistan as well as given recommendations for improving the use of Islamic financial services related to foreign experiences and the result of the survey.

Teaching Mathematics for Spatial Justice: Beyond a Victory Narrative

2016 ◽  
Vol 86 (4) ◽  
pp. 556-579 ◽  
Author(s):  
Laurie H. Rubel ◽  
Maren Hall-Wieckert ◽  
Vivian Y. Lim
Keyword(s):  
Financial Services ◽  
The State ◽  
The Other ◽  
Teaching Mathematics ◽  
Participatory Mapping ◽  
Spatial Justice ◽  
The World ◽  
Data Visualizations ◽  
Design Heuristic ◽  
Reflective Essay

In this reflective essay, Laurie H. Rubel, Maren Hall-Wieckert, and Vivian Y. Lim present a design heuristic for teaching mathematics for spatial justice (TMSpJ) based on their development of two curricular modules, one about the state lottery and the other about financial services in a city. Spatial tools, including data visualizations on maps and participatory mapping, were designed for youth to examine spatial injustices in these systems. The authors' findings report reflections about supporting students to “read and write the world with mathematics” (Freire & Macedo, 1987; Gutstein, 2003). These reflections inform an expanded design heuristic for TMSpJ.

BAGAIMANAKAH TINGKAT KESEHATAN BANK BUMN DI INDONESIA SETELAH KRISIS KEUANGAN 2008 : CAMELS ANALYSIS

2017 ◽  
Vol 5 (3) ◽  
Author(s):  
Dhistianti Mei Rahmawantari ◽  
Ayu Puspitaningtyas
Keyword(s):  
Financial Crisis ◽  
Financial Performance ◽  
Commercial Banks ◽  
The State ◽  
The Other ◽  
Rating System ◽  
2008 Financial Crisis ◽  
Savings Bank ◽  
Bank Soundness ◽  
Level Of Risk

The CAMELS method in this study is used to analyze and evaluate the financial performance of state-owned banks in Indonesia and is regulated in Bank Indonesia Regulation Number 6/10 / PBI / 2004 concerning the Rating System for Commercial Banks and Bank Indonesia Regulation Number 9/1 / PBI / 2007 concerning Rating System Health of Commercial Banks Based on Sharia Principles. Based on the results of the study, it can be concluded that from the four state-owned banks studied are Bank Mandiri, BRI, BNI and BTN, after 2008 financial crisis (2009-2016), the best bank health owned by Bank Rakyat Indonesia (BRI), it is shown by the value of CAMELS ratio on all indicators used always are in a position to follow the limits set by Bank Indonesia. While the weakest bank soundness is shown by the State Savings Bank (BTN) with the value of NPM ratio under the terms and LDR above the provisions of Bank Indonesia for healthy predicate and it also has the highest level of risk among the other three banks.

scholarly journals Pusat pertumbuhan perbankan syariah di indonesia

2019 ◽  
Vol 2 (2) ◽  
pp. 33-44 ◽  
Author(s):  
Ernawati
Keyword(s):  
Commercial Bank ◽  
Financial Services ◽  
Data Use ◽  
The Other ◽  
Islamic Banking ◽  
Population Number ◽  
Growth Area ◽  
Potential Demand ◽  
Growth Center ◽  
Per Capita

Abstrak Penelitian ini bertujuan untuk memetakan pusat pertumbuhan perbankan syariah di Indonesia dan menguji perbedaan daerah pertumbuhan Bank Umum dan Bank Pembiayaan Rakyat Syariah. Data penelitian merupakan data sekunder hasil publikasi Otoritas Jasa Keuangan dan Badan Pusat Statistik Indonesia tahun 2014. Hasil penelitian menunjukkan bahwa pusat pertumbuhan perbankan syariah berada pada Wilayah Jawa. Hal ini di justifikasi oleh hasil uji beda yang menunjukkan bahwa tidak terdapat perbedaan daerah pertumbuhan pada Bank Umum dan Bank Pembiayaan Rakyat Syariah. Pada sisi lain pusat pertumbuhan perbankan tampaknya terkait dengan besarnya potensi permintaan yang diindikasikan dengan: jumlah penduduk, jumlah pekerja, dan pendapatan perkapita suatu wilayah.   Abstract This study aims to mapping the growth center of Islamic banking in Indonesia and analizing the inequality in growth of Commercial Bank and Islamic Rural Bank. The data use secondary from publications Financial Services Authority and the Central Bureau of Statistics Indonesia in 2014. The results showed that the growth of Islamic banking center is located on Java region. This is justified by results of the different test that there were no differences in the growth area of ​​Commercial Bank and Islamic Rural Bank. On the other hand, the central growth seem related to the magnitude of the potential demand is indicated by  the number of population, number of workers, and the  per capita income of a region.

scholarly journals Laju Percepatan Perkembangan Perbankan Syariah Melalui Penerapan Tata Kelola Syariah

2019 ◽  
Vol 1 (2) ◽  
pp. 165-182
Author(s):  
Rachmad Nor Firman
Keyword(s):  
United Arab Emirates ◽  
Financial Services ◽  
Driving Force ◽  
Islamic Finance ◽  
Growth Chart ◽  
Islamic Banking ◽  
Global Level ◽  
Strategic Issues ◽  
Services Sector ◽  
Financial Services Sector

Indonesian sharia banking industry’s growth chart shows a rising, albeit decelerating. Islamic banking accounted for 4.81% of market share to achievethe growth assets 11.97% as of June 2018. At the global level, the Islamic financial services sector including banking, control of 3% and together with Qatar, Saudi Arabia, Malaysia, United Arab Emirates and Turkey the driving force of Islamic finance in the future. One of the strategic issues that are a barrier is a public misperception of the Islamic banking, either on contract, products and services that are considered not compliant with Islamic principles. Implementation of governance is an effort to accelerate the growth of Islamic banking. Keywords: Islamic Banking, Governance, Acceleration of Growth

scholarly journals LEGAL REGULATION AUTHORITY TO GRANT PERMITS ON THE VENTURE CAPITAL COMPANY

2019 ◽  
Vol 27 (2) ◽  
pp. 196
Author(s):  
Anak Agung Sagung Ngurah Indradewi
Keyword(s):  
Venture Capital ◽  
Financial Services ◽  
Limited Liability ◽  
Legal Regulation ◽  
The State ◽  
The Other ◽  
State Institutions ◽  
Other Hand ◽  
Ministry Of Finance ◽  
The One

The authority to grant permits to venture capital companies has a dualism of authority. The Financial Services Authority and the Ministry of Finance both have the authority to give licenses to venture capital companies. It can be seen that there are overlaps or conflicts of authority in this case institutional or legal institutions are authorized to give permission to venture capital companies. A norm of conflict over the authority of granting permission to venture capital companies, namely the Minister of Finance Regulation No. 18 / PMK.010 / 2012 concerning Venture Capital Companies (VCC) in Article 11 paragraph (1) VCCs are established in the form of limited liability companies or cooperatives, Article 12 paragraph (1) Legal entities as referred to Article 11 paragraph (1) the which carry out activities as VCC must first obtain a business permit from the Minister. Whereas the Financial Services Authority (FSA) Regulation No. 34 / POJK.05 / 2015 Concerning Business Licensing and Institutional Venture Capital Companies, in article 3 Paragraph (1) Every party conducting business activities for VCC or Sharia VCC must obtain a business license from the FSA. On the one hand the Ministry of Finance has the authority to issue a Venture Capital Company permit, but on the other hand the Financial Services Authority is also authorized to issue a Venture Capital Company permit. It is understandable that the position of state institutions and / or institutions of the Ministry of Finance with the Financial Services Authority is equal, in this case the same law was born, namely Law Number 39 of 2008 concerning the State Ministry and Law No. 21 of 2011 concerning Institutions Financial Services Authority.

Ras al Khaimah: further archaeological discoveries

Antiquity ◽  
1976 ◽  
Vol 50 (200) ◽  
pp. 216-222
Author(s):  
Beatrice De Cardi
Keyword(s):  
United Arab Emirates ◽  
The State ◽  
Focused Attention ◽  
North East ◽  
The North ◽  
History Of ◽  
The City

Ras a1 Khaimah is the most northerly of the seven states comprising the United Arab Emirates and its Ruler, H. H. Sheikh Saqr bin Mohammad al-Qasimi, is keenly interested in the history of the state and its people. Survey carried out there jointly with Dr D. B. Doe in 1968 had focused attention on the site of JuIfar which lies just north of the present town of Ras a1 Khaimah (de Cardi, 1971, 230-2). Julfar was in existence in Abbasid times and its importance as an entrep6t during the sixteenth and seventeenth centuries-the Portuguese Period-is reflected by the quantity and variety of imported wares to be found among the ruins of the city. Most of the sites discovered during the survey dated from that period but a group of cairns near Ghalilah and some long gabled graves in the Shimal area to the north-east of the date-groves behind Ras a1 Khaimah (map, FIG. I) clearly represented a more distant past.

From the “Judicialization of Politics” to the “Politicization of Justice” in the UK and Switzerland

2016 ◽  
Vol 6 (2) ◽  
pp. 118-135
Author(s):  
Lucia Della Torre
Keyword(s):  
General Rule ◽  
The State ◽  
The Other ◽  
Specific Field ◽  
Widespread Phenomenon ◽  
Judicialization Of Politics ◽  
The Uk ◽  
Migration Law

Not very long ago, scholars saw it fit to name a new and quite widespread phenomenon they had observed developing over the years as the “judicialization” of politics, meaning by it the expanding control of the judiciary at the expenses of the other powers of the State. Things seem yet to have begun to change, especially in Migration Law. Generally quite a marginal branch of the State's corpus iuris, this latter has already lent itself to different forms of experimentations which then, spilling over into other legislative disciplines, end up by becoming the new general rule. The new interaction between the judiciary and the executive in this specific field as it is unfolding in such countries as the UK and Switzerland may prove to be yet another example of these dynamics.

Arah Kebijakan Pengawasan terhadap Perbankan Syariah dalam Sistem Perbankan Nasional di Indonesia

2020 ◽  
Vol 3 (1) ◽  
pp. 41-52
Author(s):  
Andrew Shandy Utama
Keyword(s):  
Central Bank ◽  
Financial Services ◽  
Banking System ◽  
Islamic Banking ◽  
Legal Research ◽  
Islamic Bank ◽  
Independent Direction ◽  
National Banking System

This research aims to explain the direction of policy regarding supervision of Islamic banking in the banking system in Indonesia. The method used in this research is normative legal research using the statutory approach. The results of this research explain that the policy regarding supervision of Islamic banking in the national banking system in Indonesia is headed toward an independent direction. In Law Number 7 of 1992 and Law Number 10 of 1998, it is stated that supervision of Islamic banking is done by Bank Indonesia as the central bank. Based on Law Number 21 of 2008, supervision of Islamic banking is strengthened by not only being supervised by Bank Indonesia, but also by the National Sharia Council of the Majelis Ulama Indonesia by placing Sharia Supervisory Councils in each Islamic bank. After the ratification of Law Number 21 of 2011, supervision of Islamic banking moved from Bank Indonesia to an independent institution called the Financial Services Authority.

A Note on Mandela v Executors, Estate Nelson Mandela 2018 (4) SA 86 (SCA) and the Conundrum around the Customary Marriage between Nelson and Winnie Mandela

2019 ◽  
Vol 34 (2) ◽  
Author(s):  
Sipho Stephen Nkosi
Keyword(s):  
Supreme Court ◽  
The State ◽  
The Other ◽  
Customary Law ◽  
Eastern Cape ◽  
High Court ◽  
Nelson Mandela ◽  
The Supreme Court ◽  
Court Of Appeal

The note is about the appeal lodged by the late Mrs Winnie Madikizela-Mandela to the SCA against the decision of the Eastern Cape High Court, Mthatha, dismissing her application for review in 2014. In that application, she sought to have reviewed the decision of the Minister of Land Affairs, to transfer the now extended and renovated Qunu property to Mr Mandela and to register it in his name. Because her application was out of time, she also applied for condonation of her delay in making the application. The court a quo dismissed both applications with costs, holding that there had been an undue delay on her part. Mrs Mandela then approached the Supreme Court of Appeal, for special leave to appeal the decision of the court a quo. Two questions fell for decision by the SCA: whether there was an unreasonable and undue delay on Mrs Mandela’s part in instituting review proceedings; and whether the order for costs was appropriate in the circumstances of the case. The SCA held that there was indeed an unreasonable delay (of seventeen years). Shongwe AP (with Swain, Mathopo JJA, Mokgothloa and Rodgers AJJA concurring) held that the fact that there had been an undue delay does not necessarily mean that an order for costs should, of necessity, particularly where, as in this case, the other litigant is the state. It is the writer’s view that two other ancillary points needed to be raised by counsel and pronounced on by the Court: (a) the lawfulness and regularity of the transfer of the Qunu property to Mr Mandela; and (b) Mrs Mandela’s status as a customary-law widow—in relation to Mr Mandela.

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